Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings Results for the First Quarter Ended August 31, 2016
October 04, 2016 at 01:37 am IST
Share
Prudential Short Duration High Yield Fund, Inc. reported unaudited earnings results for the first quarter ended August 31, 2016. For the quarter, the company reported net investment income was $10,579,341 or $0.32 per share against $11,594,508 or $0.35 per share last year. Net realized and unrealized gain was $7,063,818 or $0.21 per share against loss of $19,840,582 or $0.60 per share last year. Net increase in net assets from operations was $17,643,159 or $0.53 per share against net decrease in net assets from operations of $8,246,074 or $0.25 per share last year. Net asset value per share was $16.99 against $17.22 at August 31, 2015.
PGIM High Yield Bond Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide a high level of current income. The Fund is focused on investing at least 80% of its investable assets in a diversified portfolio of high yield fixed income instruments that are rated below investment grade with varying maturities and other investments, including derivatives with similar economic characteristics. The Fund may invest up to 20% of its investable assets in United States currency denominated and/or foreign currency denominated fixed income instruments issued by foreign issuers. The Fund invests in various industries, which include telecommunications, oil and gas, affiliated mutual fund, commercial services, home builders, healthcare services, chemicals, entertainment, pipelines, electric, software, foods, real estate investment trusts (REITs), mining and computers. PGIM Investments LLC serves as the manager of the Fund.
PGIM HIGH YIELD BOND FUND, INC. 
